The Global Military Radars Market is projected to reach a value of over USD 14.2 Billion by 2027 at a CAGR of around 3.9%.
Radar is an electromagnetic system which is used to detect the location and distance of an object. It is also used to detect devices such as radio waves to determine the speed, altitude, and direction of objects. Moreover, radar is a very important tool for the military as it is being used to detect aircraft, vehicles, and missiles. It is highly specialized designed for highly mobile and for easy transport by air as well as the ground.
Market Drivers:
The increasing demand for Unmanned Aerial Vehicles (UAVs) radar can benefit military protection as well as for civil protection which is projected to enhance the market growth. The radar-based system is able to detect and locate both fixed wing as well as rotorcraft UAVs. Moreover, it can be installed in a fixed location to provide permanent or semi-permanent protection or it can also be mounted on a for mobile usage. It can also be used to detect and locate the unauthorized or unsafe use of UAVs in controlled airspace or potentially dangerous situations.
Hence, with the increasing demand for Unmanned Aerial Vehicles (UAVs) radar is anticipated to increase the demand of the market in the forecast period.
The enhancing passive radar capabilities are anticipated to use in modern battlefield higher altitudes which will lead to enhance the market growth. It has the ability to detect low observable targets which includes stealth aircraft. Moreover, it cannot be detected by the thermal signatures which may improve the efficiency and security of the market. Furthermore, it is very easy to set up and as it does not operate in their own frequency band so there will be no requirement for frequency allocation before using them.
Therefore, enhancing passive radar capabilities to rising the demand of the military radars market during the forecast period.
Market Restraint:
The budget limitation in the field of the military may hamper the growth of the market. The military radars required huge funding for the growth and development of the market. It has integrated with many different types of system which includes command and control systems, and fire control system. Moreover, the maintenance cost of the equipment also required a huge investment as they are very expensive. Therefore, the budget limitation is projected to restraints the development and deployment of the system in the forecast period.
The report on the military radars market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
|---|---|
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Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Type, Dimension, Frequency Bands, Range, Application, End-User, and Region |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Military Radars Market, by Type
Military Radars Market, by Dimension
Military Radars Market, by Frequency Bands
Military Radars Market, by Range
Military Radars Market, by Platform
Military Radars Market, by Application
Military Radars Market, by End-User
Military Radars Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE MILITARY RADARS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
